IIML EIC Investor Meet Boosts Startup Funding Opportunities

IIML Enterprise Incubation Centre (EIC) Noida Campus organized a National Level Investor Meet on June 23, 2023 with an aim to bring startups and the investors on a common platform to help the startups raise funds.

With a firm belief in the power of collaboration, IIML EIC’s Investor meet aims to provide an integrated platform for investors, corporates, and startups to explore synergies and foster meaningful connections. By bringing together key stakeholders in the innovation ecosystem, IIML EIC will support portfolio startups in their exponential growth, self-sustainability, and thus contribute towards realization of Prime Minister Narendra Modi's vision of a self-reliant and Aatmanirbhar Bharat.

 The event witnessed active participation of IIML EIC’s strategic partners from leading PSU’s like ONGC, GAIL, Oil India & HPCL, the senior officials from the PSU’s added valuable insights & held interactive discussions with all participants. Corporate partners from the country’s leading banks were among the key attendees for the event. More than 40+ VC Firms & Angel Networks from across the country were present and participated as active investors in the event.

Empowering Startups through Investor Support

The Managing Director of IIML EIC, Mr. Yamini Bhushan Pandey, emphasized the commitment to support potential startups across various sectors in India. 

“The National Investor Meet at IIML EIC serves as an opportunity for the innovation ecosystem to witness, interact with, and support the startups showcased at IIM Lucknow, Noida Campus,” he said.

Talking to TICE News on the sidelines of the event, Ms. Himani Agrawal, Country Head, Azure, Microsoft India, expressed, "We are on the cusp of technological transformation fueled by the innovations happening in Artificial Intelligence. India, home to 75,000+ startups, plays a vital role in shaping how everything will change - how we live, work, and communicate. Microsoft is committed to supporting startups through programs like Founders Hub, where we provide technology support in the form of credits, mentorship, and access to tools and technology. Additionally, our Azure Society of Excellence program, in collaboration with premier institutes such as IITs, IIMs, and BITS Pilani, enables us to reach out to startups and support their journey." 

Ms. Agrawal extended her gratitude to IIML EIC for organizing an event that brings startups and investors together on a common platform for collaboration.

A Landmark Event for Fundraising

Mr. Arunoday Bajpayee, the COO of IIML-EIC, expressed excitement about organizing the largest event in the NCR region to date. 

“With over 40 investors and 28 startups participating in live investment pitches, the event provides an exceptional opportunity for startups seeking funding. This event sets a benchmark for incubators in the ecosystem, emphasizing the importance of bringing together investors, startups, incubators, and government policies to nurture and grow the startup landscape,” Mr Bajpayee says.

Investor Meet Highlights

Aditya Prasad, Business Head, IIML-EIC says, “More than 40 investors participated in the event, along with 28 startups incubated under IIM-Lucknow. The startups presented their investment pitches, showcasing their potential to attract funding from the market. IIML-EIC, working tirelessly for the past decade to enhance the startup ecosystem, recognized the need to connect investors and startups on a common platform for mutual growth.”

Key Partnerships at the event

IIML EIC partnered with Microsoft Azure and SBI for the National Level Investor Meet, further strengthening the ecosystem. TICE News serves as the media partner, contributing to extensive coverage of the event. Noteworthy investors participating in the event include AWE funds, Blume Ventures, Startup Connect, Soonicorn Ventures, Your Nest, Indian Angel Network, Venture Catalyst, along with others.

IIML Incubator: Nurturing Entrepreneurial Talent

As the host institution, IIM Lucknow has established the IIML Incubator at its Noida campus. This incubator plays a pivotal role in nurturing entrepreneurial talent and providing an enabling environment for startups to thrive. IIML EIC has a Portfolio of 80+ startups who have a cumulative valuation of 1250+Cr, facilitating them to be in an advantageous position.

The National Level Investor Meet organized by IIML EIC stands as a testament to their commitment to supporting startups, fostering collaboration, and propelling the growth of the startup ecosystem. This event serves as a catalyst for startups to secure funding, forge valuable connections, and realize their visions of success in the dynamic Indian startup landscape.